Savills Studley's Capital Markets Group brokered all three
deals on behalf of the seller.
Not exact matches
I would submit that this form is most valuable to lawyers who end up litigating
on behalf of litigants claiming damages or defending their positions against same based upon not only dishonest and misleading statements that most assuredly appear
on these SPIS smooth
deal - facilitator documents, but also upon assumed honestly held but nevertheless misleading statements (the
seller «thinks» he / she knows the correct answer to a question, but in fact does «not» know for sure, and guesses... yes... or no) that can ultimately lead to an expensive court case.
Agency is a relationship between a principal (
seller or buyer) and an agent (broker) who acts
on behalf of the principal in
dealing with a third party.
The law requires real estate licensees to perform the following basic duties when
dealing with any real estate buyer or
seller as customers: present all offers in a timely manner, account for money or other property received
on your
behalf, provide an explanation
of the scope
of services to be provided, be fair and honest and provide accurate information, provide limited confidentiality, and disclose «material adverse facts» about the property or the transaction which are within the licensee's knowledge.
In a recent
deal, another SVN team completed the sale
of two affordable housing communities totaling 312 units in the Chicago area,
on behalf of the
seller, Midland Management Co..
Prohibit dual agency, the practice
of acting
on behalf of both the buyer and
seller on the same
deal, except in extremely limited circumstances.